The Tokens on the Ethereum network is now worth more than Ethereum itself – Cryptocurrency Market

An eye-catching landmark. The aggregate market value of all of the ECR-20 is a token on the Ethereum network, and is now higher than the total fair market value of Ethereum itself. Ethereum now has a total market value of 26.7 billion dollars, and all of the ERC-20 tokens one of 29.2 billion dollars. That’s according to figures from the CoinMetrics.

This is a development you can see on the chart below. In blue you can see to the fair market value of the ether, in the red, all of the PAGE-for 20 tokens.

Ethereum network is greater than that of ether itself

PAGE-20 tokens are tokens that are run on the Ethereum network. So, the bottom line is that the Ethereum network will be larger than the space the token itself. And that is a unique achievement. So far, it is the ether, as a token, have always been more important.

In addition to that, the ERC-721 tokens will not be taken into account.Or as the BOOK says, the actual numbers may be higher. PAGE-721 tokens are computer programs that can be used as a unique collectors ‘ items, for example, CryptoKitties or voetbalkaarten on the blockchain.

Final, and stablecoins to the new use of the Ethereum

The sudden increase is most likely due to two developments of the Ethereum network. First, the growth of the local financial sector, either to Final. A lot of Final applications which make use of Ethereum, and work with the ERC to 20 tokens. MakerDAO has to be the most successful Final token in Ethereum, with a total market value of 454 million dollars. That’s according to figures from CoinMarketCap.

In addition to running much of stablecoins in the blockchain of Ethereum. As home to Tether (USDT), more than $ 6 billion to the USDT onto the Ethereum transactienetwerk. In the field of transactions of stablecoins airwaves for a long time pass by, according to the data of Ryan Watkins of the Messari.

In 2017, beginning of 2018 were in the Initial Coin Offering (ICO’s) determine the fair market value of the ERC of 20 tokens, but the time has come to an end. This is due, amongst other things, by stricter regulations, for example, by the united states Securities and Exchange Commission. As a result, ICO’s are now silent in death had passed on.

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